Skip to main content
×
Home
    • Aa
    • Aa
  • Get access
    Check if you have access via personal or institutional login
  • Cited by 15
  • Cited by
    This article has been cited by the following publications. This list is generated based on data provided by CrossRef.

    Bollen, Yelter De Ville, Ferdi and Orbie, Jan 2016. EU trade policy: persistent liberalisation, contentious protectionism. Journal of European Integration, Vol. 38, Issue. 3, p. 279.


    Lampe, Ryan and Moser, Petra 2016. Patent Pools, Competition, and Innovation—Evidence from 20 US Industries under the New Deal. Journal of Law, Economics, and Organization, Vol. 32, Issue. 1, p. 1.


    Mitchener, Kris James and Wandschneider, Kirsten 2015. Capital controls and recovery from the financial crisis of the 1930s. Journal of International Economics, Vol. 95, Issue. 2, p. 188.


    Stern, Karl 2015. Implementation of non-tariff measures in Estonia in the 1930s. Scandinavian Economic History Review, Vol. 63, Issue. 2, p. 178.


    Chiţu, Livia Eichengreen, Barry and Mehl, Arnaud 2014. History, gravity and international finance. Journal of International Money and Finance, Vol. 46, p. 104.


    Crafts, Nicholas 2014. What Does the 1930s' Experience Tell Us about the Future of the Eurozone?. JCMS: Journal of Common Market Studies, Vol. 52, Issue. 4, p. 713.


    Jacks, David S. 2014. Defying gravity: The Imperial Economic Conference and the reorientation of Canadian trade. Explorations in Economic History, Vol. 53, p. 19.


    Schiffman, Daniel A. 2014. A Companion to Warren G. Harding, Calvin Coolidge, and Herbert Hoover.


    Vinokurov, Evgeny and Libman, Alexander 2014. Do economic crises impede or advance regional economic integration in the post-Soviet space?. Post-Communist Economies, Vol. 26, Issue. 3, p. 341.


    Bems, Rudolfs Johnson, Robert C. and Yi, Kei-Mu 2013. The Great Trade Collapse. Annual Review of Economics, Vol. 5, Issue. 1, p. 375.


    Eichengreen, Barry 2013. Currency war or international policy coordination?. Journal of Policy Modeling, Vol. 35, Issue. 3, p. 425.


    Golovnin, Mikhail Libman, Alexander Ushkalova, Daria and Yakusheva, Alexandra 2013. Is the USSR dead? Experience from the financial and economic crisis of 2008–2009. Communist and Post-Communist Studies, Vol. 46, Issue. 1, p. 109.


    Nicita, Alessandro 2013. Exchange rates, international trade and trade policies. International Economics, Vol. 135-136, p. 47.


    Hynes, W. Jacks, D. S. and O'rourke, K. H. 2012. Commodity market disintegration in the interwar period. European Review of Economic History, Vol. 16, Issue. 2, p. 119.


    Mathy, Gabriel P. and Meissner, Christopher M. 2011. Business cycle co-movement: Evidence from the Great Depression. Journal of Monetary Economics, Vol. 58, Issue. 4, p. 362.


    ×

The Slide to Protectionism in the Great Depression: Who Succumbed and Why?

  • Barry Eichengreen (a1) and Douglas A. Irwin (a2)
  • DOI: http://dx.doi.org/10.1017/S0022050710000756
  • Published online: 01 December 2010
Abstract

The Great Depression was marked by a severe outbreak of protectionist trade policies. But contrary to the presumption that all countries scrambled to raise trade barriers, there was substantial cross-country variation in the movement to protectionism. Specifically, countries that remained on the gold standard resorted to tariffs, import quotas, and exchange controls to a greater extent than countries that went off gold. Just as the gold standard constraint on monetary policy is critical to understanding macroeconomic developments in this period, exchange rate policies help explain changes in trade policy.

Copyright
Linked references
Hide All

This list contains references from the content that can be linked to their source. For a full set of references and notes please see the PDF or HTML where available.

James Anderson , and Eric van Wincoop . “Trade Costs.” Journal of Economic Literature 42, no. 3 (2004): 691–751.

Ben Bernanke . “The Macroeconomics of the Great Depression: A Comparative Approach.” Journal of Money, Credit, and Banking 27, no. 1 (1995): 1–28.

Michael D. Bordo and Angela Redish . “Credible Commitment and Exchange Rate Stability: Canada's Interwar Experience.” Canadian Journal of Economics 23, no. 2 (1990): 357–80.

Natalia Chernyshoff , David S. Jacks , and Alan M. Taylor . “Stuck on Gold: Real Exchange Rate Volatility and the Rise and Fall of the Gold Standard, 1875—1939.” Journal of International Economics 77, no. 2 (2009): 195–205.

Ehsan Choudhri , and Levis Kochin . “The Exchange Rate and the International Transmission of Business Cycle Disturbances: Some Evidence from the Great Depression.” Journal of Money, Credit, and Banking 12, no. 4 (1980): 565–74.

Michael A. Clemens and Jeffrey G. Williamson . “Why Did the Tariff-Growth Correlation Change After 1950?” Journal of Economic Growth 9, no. 1 (2004): 5–46.

Barry Eichengreen , and Marc Flandreau . “The Rise and Fall of the Dollar, or When Did the Dollar Replace Sterling as the Leading International Currency?” NBER Working Paper No. 14154, Cambridge, MA, July 2008.

Barry Eichengreen , and Douglas A. Irwin . “Trade Blocs, Currency Blocs, and the Reorientation of World Trade in the 1930s.” Journal of International Economics 38, no. 1 (1995): 1–24.

Antoni Estevadeordal , Brian Frantz , and Alan M. Taylor . “The Rise and Fall of World Trade, 1870—1939.” Quarterly Journal of Economics 118, no. 2 (2003): 359–407.

Thomas Ferguson , and Peter Temin . “Made in Germany: The German Currency Crisis of 1931.” Research in Economic History 21 (2003): 1–53.

W. R. Garside “Party Politics, Political Economy, and British Protectionism, 1919—1932.” History 83 (1998): 47–65.

James Hamilton . “Monetary Factors in the Great Depression.” Journal of Monetary Economics 19, no. 2 (1987): 145–69.

David S. Jacks , Christopher M. Meissner , and Dennis Novy . “Trade Costs, 1870—2000.” American Economic Review 98, no. 2 (2008): 529–34.

David S. Jacks , Christopher M. Meissner , and Dennis Novy . “Trade Booms, Trade Busts, and Trade Costs.” NBER Working Paper No. 15267, Cambridge, MA, August 2009.

David S. Jacks , Christopher M. Meissner , and Dennis Novy . “Trade Costs in the First Wave of Globalization.” Explorations in Economic History 47, no. 2 (2010): 127–41.

Hiau L. Kee , Alessandro Nicita , and Marcelo Olarreaga . “Import Demand Elasticities and Trade Distortions.” Review of Economics and Statistics 90, no. 4 (2008): 666–82.

J. Ernesto Lopez-Cordova , and Christopher M. Meissner . “Exchange-Rate Regimes and International Trade: Evidence from the Classical Gold Standard Era.” American Economic Review 93, no. 1 (2003): 344–53.

Jakob B. Madsen “Trade Barriers and the Collapse of World Trade During the Great Depression.” Southern Economic Journal 67, no. 4 (2001): 848–68.

George Peden . The Treasury View and British Public Policy, 1906—1959. Oxford: Oxford University Press, 2000.

Peter Temin . “The German Crisis of 1931: Evidence and Tradition.” Cliometrica 2, no. 1 (2008): 5–17.

Kirsten Wandschneider . “The Stability of the Interwar Gold Standard: Did Politics Matter?” The Journal of Economic History 68, no. 1 (2008): 151–81.

Shang-Jin Wei , and Zeiwei Zhang . “Collateral Damage: Exchange Controls and International Trade.” Journal of International Money and Finance 26, no. 5 (2007): 841–63.

C. R. Whittlesey “Import Quotas in the United States.” Quarterly Journal of Economics 52, no. 1 (1937): 37–65.

Nikolaus Wolf . “Scylla and Charybdis: Explaining Europe's Exit from Gold, January 1928—December 1936.” Explorations in Economic History 45, no. 4 (2008): 383–401.

Recommend this journal

Email your librarian or administrator to recommend adding this journal to your organisation's collection.

The Journal of Economic History
  • ISSN: 0022-0507
  • EISSN: 1471-6372
  • URL: /core/journals/journal-of-economic-history
Please enter your name
Please enter a valid email address
Who would you like to send this to? *
×